Waterfall Foundation

Analysis

Waterfall Foundation is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Waterfall Foundation reported income of $485k and spending of $289k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $485k (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waterfall Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within AK. Charities of a similar size with the same main cause include Uganda AIDS Orphan Children Foundation ($485k), San Antonio Threads ($485k) and Humble in Heart ($485k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% of the total. Compensation of current officers, directors and key employees was $36k (12% of expenses). Other salaries and wages came to $5,000. At year end it held assets of $296k against liabilities of $30k, net assets of $266k.